EU Pushes for Rapid EV Transition: 25% Sales by 2025, Ban on New Petrol/Diesel Cars by 2035
The European Union is pushing for a rapid transition to electric vehicles (EVs) to meet its climate goals. By 2025, a quarter of new cars sold in Europe are expected to be battery electric vehicles (BEVs). Major automakers like Volkswagen, BMW, and Daimler are urged to invest more in EVs to comply with CO2 regulations.
The EU aims to phase out new petrol and diesel car sales by 2035. To support this transition, the EU should set electrification targets for corporate fleets and create a stable regulatory environment for EVs. National governments are also encouraged to implement comprehensive charging master plans and targeted subsidy schemes.
Currently, EV sales stand at 14% of the market. However, they are expected to rise to 24% by 2025, driven by affordable EV offerings and strong demand. This growth is projected to account for more than half of the CO2 reduction needed to meet 2025 targets. The European Federation for Transport and Environment (T&E) predicts EVs to reach 20-24% market share by then.
The EU's ambitious targets require significant investment in electric vehicles from major automakers. If manufacturers rely more on hybrids, they would need less EVs to comply with 2025 targets. However, this strategy is considered short-sighted, as it hinders the transition to a low-carbon economy and puts Europe at a disadvantage against Chinese BEVs.
